Mindblown: a blog about philosophy.

By JOSH FUNK, AP Business Writer OMAHA, Neb. (AP) — Billionaire Warren Buffett omitted Bill Gates’ foundation from his annual donations this year after disclosures of the Microsoft co-founder’s ties to convicted sex offender Jeffrey Epstein. He will donate about $6 billion to four foundations connected to his family, but did not mention Gates in his…

Buffett will donate nine million Class B shares of Berkshire to the Susan Thompson Buffett Foundation, and one million each to Sherwood Foundation, Howard G. Buffett Foundation, and Novo Foundation. He said in a statement announcing this year’s gifts, “My goal is to dispose of all of my Berkshire shares within about eight years.” “My…

The US consumer price index rose by 3.5 percent in June, easing more than expected from May’s level, government data shows (Patrick T. Fallon) US consumer inflation cooled more than expected in June, government data showed Tuesday, as energy prices fell on a temporary cooling of the US-Iran war. With the recent renewal of hostilities…

Services excluding energy costs were flat, with shelter rising just 0.1% and transportation services posting a 0.3% decline.Food prices rose 0.2%, while new vehicles were flat and used cars and trucks saw a 0.2% decline. Apparel prices, which are sensitive to both energy and tariff inputs, fell 0.6%.

With the Nasdaq-100 Index up 18.5% year to date, an advantage of more than 700 basis points over the S&P 500, it’s safe to say, at least in broad terms, that tech stocks are performing well and that group remains top-of-mind for many investors. Tech prominence is understandable, given that the sector accounts for 37.6%…

Inflation came in soft, and Wall Street had opinions about it. The S&P 500 and Nasdaq moved higher at the open while the Dow Jones Industrial Average slipped lower, a split that tells you more about how investors are positioned than any single data point could. The catalyst was the June Consumer Price Index report,…

Warren Buffett has removed the Gates Foundation from his annual charitable stock gifts, CNBC reported. The omission follows a Wall Street Journal report that Buffett paused his usual donation to the Gates Foundation pending a review of its ties to convicted sex offender Jeffrey Epstein. Since 2006, the Berkshire Hathaway chairman has donated more than…

Buffett made the disclosure July 14. On that day, he converted 8,000 Class A shares into 12 million Class B shares for distribution to four foundations. The Susan Thompson Buffett Foundation received 9 million shares, while the Sherwood Foundation, Howard G. Buffett Foundation, and Novo Foundation each received 1 million shares.

Warren Buffett announced Tuesday he has stopped donating to the Gates Foundation after revelations about Bill Gates’ interactions with the late sex offender Jeffrey Epstein. Buffett said ​he ​is donating ⁠about $6 billion of Berkshire Hathaway stock, comprising 12 million Class B shares, to four family foundations overseen by his daughter Susie and sons Howard…

Warren Buffett is ramping up the pace of his annual donations of Berkshire Hathaway shares to charitable organisations run by his three children, putting him on track to completely dispose of his stake in the company over the next eight years. For the first time in two decades, Buffett decided to skip his midyear donations…